CHINA GROWTH MODERATE AS FULL-YEAR FORECASTS CONTINUE TO FALL

BEIJING - China's urban fixed asset investment growth slightly accelerated to 20.6% on-year to RMB9.13 trillion in the first four months of 2013, according to the National Bureau of Statistics (NBS). Production grew 9.3% in April from a year earlier, while retail sales climbed 12.8%. In addition, M2, a broad measure of money supply, rose 16.1% on-year to RMB103.26 trillion, up RMB 111.1 billion on-year, according to the central bank. The 16.1% raise is an increase of 0.4% and 3.3% from the end of March and the end of 2012 respectively.